James Bullard, Interview: St. Louis Fed Press Release and Video, Bullard Speaks with CNN International about U.S. Monetary Policy

“This is a moment where we need to shift to less accommodation, and the debate is about how fast to do that.”

“That does mean we would have to move faster and more nimbly than we have in recent decades, but I think that’s probably the appropriate policy.”

Would raising the policy rate risk recession (aka a 50bps hike in March)? “This is just talking about the very first moves from an extremely accommodative policy that we used during the pandemic, and I don’t think those first moves are very likely to tip the economy into recession.”